Taulia, a company that manages invoices and payments for buying organizations, has raised $18 million in Series C funding. Led by German investor Klaus Hommels and joined by previous investors Matrix Partners, Trinity Ventures, TELUS Ventures and DAG Ventures, this brings Taulia's total funding to $36 million. Using Taulia, companies can pay invoices early through the company's electronic invoicing platform, which connects to any third-party e-invoicing network. The buying organizations then benefit from dynamic discounting after suppliers receive early payment. CEO Bertram Meyer tells me the funding will go toward pushing expansion in Europe, growing sales teams, and R&D for more connectivity with ERP systems.
Reported by TechCrunch 6 days ago.
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